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affordable rental housing

A report by New York University’s Furman Center found that renters made up the majority of households in nine of the 11 largest cities in the U.S. in 2013, up from five in 2006. The demand is straining the supply of rental housing.

If you guessed the Big Apple, you'd be wrong. It's the City by the Bay with a median rent of $1,463; New York City had the fifth highest at $1,187. San Jose, Boston, and Washington, D.C. were ranked second, third, and fourth respectively.

Affordable rental housing is scarce in the US, especially among low income people, finds a new report by the Bipartisan Policy Center. As "the housing demand of Baby Boomers and their children starts to converge," the problem will only get worse.